HALISTER1: Eurasia Says Outlook for Brazil Pension Reform Unchanged

Eurasia Says Outlook for Brazil Pension Reform Unchanged

(Bloomberg) -- Exclusion of state and municipal employees from proposal to reform pension system should ease the passage of bill through Congress, Eurasia comments in report.
  • While the concession will remove some important hurdles in congress, the government will have to compensate with a harder stance on the other core elements of the overhaul
  • Development does not significantly change Eurasia’s view that “a fairly robust reform” has 70% chance of being approved
  • NOTE from March 21: Brazil Pension Reform to Include Only Fed. Govt Employees: Temer; Link to story

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: J.G. Wentworth XXXVIII LLC Fixed Rate Asset-Backed Notes, Series 2017-1 - DBRS Finalized Presale Report

J.G. Wentworth XXXVIII LLC Fixed Rate Asset-Backed Notes, Series 2017-1 - DBRS Finalized Presale Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Charles Weilamann (DBRS Inc)
Chris O'Connell (DBRS Inc)
Christopher D'Onofrio (DBRS Inc)
Lain Javier Gutierrez (Dbrs Inc)
Maxim Berger (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
Fixed Rate Notes Research

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UUID: 7947283

HALISTER1: Agrokor Bonds a Bargain for Exotix, With Warning on PIK Notes

Agrokor Bonds a Bargain for Exotix, With Warning on PIK Notes

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
0745715D LN (Exotix Partners LLP)
1409180D CZ (Agrokor Projekti doo)

People
Aleksej Gren (Exotix Partners LLP)
Ivica Todoric (Agrokor dd)

Topics
Subordinated Debt

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UUID: 7947283

HALISTER1: Buy Agrokor Bonds, Sell Company’s PIK Note, Exotix Says

Buy Agrokor Bonds, Sell Company’s PIK Note, Exotix Says

(Bloomberg) -- Exotix recommends buying Agrokor’s euro-denominated bonds due in 2019, 2020, USD note due in 2020 as prices have “adjusted sufficiently,” analyst Aleksej Gren says in emailed report.
  • Also cites economic recovery, “relatively little short-term liquidity pressure from debt servicing”
  • Exotix sees Agrokor requiring “some debt reduction” to reduce interest expense
  • Recommends selling PIK notes issued by Adria Group, outside of beneficiaries from potential asset sales
  • NOTE: Croatia Seeks Talks With Agrokor’s International Creditors Link

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1409180D CZ (Agrokor Projekti doo)

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UUID: 7947283